Michael Egan, 31, is accusing director Bryan Singer of sexually abusing him in the late 90s. (credit: CBS)

LOS ANGELES (CBSLA.com) — The trade publication Variety is reporting that Bryan Singer accuser Michael Egan has parted ways with his attorney following the lawyer’s attempt at reaching a financial settlement with the director.

Egan accuses “X-Men” director Singer of molesting him repeatedly in the late 90s when the now 33-year-old aspiring actor was an underage teen.

Jeff Herman, who was Egan’s attorney, told Variety he has withdrawn from Egan’s case after he and and Singer’s attorney’s reportedly agreed to settle the case for $100,000.

Herman wrote in a statement that he and his firm is “in the process of withdrawing from representing Mr. Egan in all his cases and have no further comment concerning his matters at this time.”

After Buzzfeed leaked news about the agreement on Tuesday, Egan told them, “This exact kind of take-it-and-shut-up deal is why I decided to stand up in the first place. Being silenced goes completely against what I believe in and offers no protection for other vulnerable children.”

Singer has repeatedly and vehemently denied Egan’s assertions.

Egan had also claimed show business executives Gary Goddard, David Neuman and Garth Ancier also sexually molested him as part of a Hollywood sex rings involving underage boys. He dropped claims against those three men.

Singer’s attorney, Marty Singer (no relation), made a statement to Variety that said, “As Mr. Egan and his now ex-lawyers know, a legitimate claim in this type of case can run into the millions of dollars, so their willingness to resolve it for such a relatively low figure demonstrates their total lack of confidence in their chances for success. This was their way of trying to save face after an unsuccessful attempted shakedown of Bryan Singer.”

The statement added, “Bryan and his team will continue to fight to clear his name and intend to pursue charges of malicious prosecution against Egan.”